DGAP-Adhoc SCHULER AG: Schuler AG presents program for profitable growth - Merger of Group´s largest subsidiaries as key element - Business results and forecast
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SCHULER AG / Key word(s): Final Results
26.01.2011 08:30
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
Schuler AG presents program for profitable growth - Merger of Group´s
largest subsidiaries as key element - Business results and forecast
Schuler AG is aiming for sales of EUR 1.2 billion in fiscal year 2013/2014.
Profitability is to be raised to an operating margin of around 10 percent
(EBITDA margin). Schuler AG´s growth is to be mainly organic.
In order to cope with the targeted growth and build on its position as the
global market leader in metalforming technology, Schuler AG has developed a
long-term program for profitable growth. This will involve adapting its
organizational structure and merging the Group´s two largest subsidiaries,
Schuler Pressen GmbH & Co. KG (Göppingen) and Müller Weingarten AG
(Weingarten, Erfurt, Remscheid). The merger of the two companies will be
effected under the roof of Schuler AG. The structure of the merged company,
the new ´Schuler Pressen GmbH´, will be aligned with the company´s ten
strategic market segments and five defined technology fields. Historically
evolved duplicate structures in purchasing and commercial management will
be dissolved and replaced by a unified structure.
Fiscal year 2009/10
The past fiscal year 2009/10 was still heavily affected by the economic
crisis and the resulting low order backlog at the beginning of the fiscal
year.
New orders grew strongly in fiscal year 2009/10. They rose by 38.6 percent
to EUR 818.4 (prior year: EUR 590.5) million in fiscal year 2009/10. This
positive trend was particularly apparent in the final quarter, during which
the company received orders worth EUR 327.0 million.
At EUR 650.3 (prior year: EUR 823.1) million, consolidated sales were down
21 percent on the previous year. The proportion of consolidated sales
generated outside Germany in fiscal year 2009/10 grew to 65.5 (prior year:
60.7) percent.
In the past fiscal year 2009/10, earnings before interest and taxes (EBIT)
amounted to EUR 17.1 (prior year: EUR -43.9) million. With an EBITDA result
of EUR 30.0 (prior year: EUR -2.9) million, the operating margin reached
4.6 percent. All in all, the Group´s consolidated profit or loss for the
year amounted to EUR -11.8 million, compared to EUR -64.9 million in the
previous year.
Q1 2010/11*)
New orders in the first quarter of the current fiscal year 2010/11 amounted
to around EUR 500 (prior year: EUR 151.7) million, corresponding to
year-on-year growth of around 330 percent. Sales in the first three months
of the current fiscal year were raised by around 12 percent to approx. EUR
170 (prior year: EUR 146.8) million.
Outlook
In its current fiscal year 2010/11, Schuler AG expects consolidated sales
to lie between EUR 870 and EUR 920 million. The operating margin (EBITDA
margin) is expected to rise to around 7 percent.
*) Q1 2010/11 figures are preliminary
Contact: Schuler AG, Tobias Apfel, Head of Public Relations, phone +49 7161
66-829, email: tobias.apfel@schulergroup.com
26.01.2011 DGAP´s Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
Language: English
Company: SCHULER AG
Bahnhofstraße 41
73033 Göppingen
Deutschland
Phone: +49 (0)7161 66-8 59
Fax: +49 (0)716 166-9 07
E-mail: ir@schulergroup.com
Internet: www.schulergroup.com
ISIN: DE000A0V9A22, DE0007210601
WKN: A0V9A2, 721060
Indices: Fokus Baden-Württemberg: BWX M
Listed: Regulierter Markt in Frankfurt (General Standard), Stuttgart;
Freiverkehr in Berlin, Düsseldorf, München
End of Announcement DGAP News-Service
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